Sensex, Nifty Plunge as IT Drags; TCS, Infosys Lead Selloff | July 11, 2025
Sensex and Nifty tumble midday July 11, 2025, led by sharp IT losses. TCS, Infosys, and auto stocks weigh on market. Track live Indian stock market news.
Sensex, Nifty Plunge as IT Drags; TCS, Infosys Lead Selloff
Indian stock markets witnessed a sharp selloff by 1:15 PM IST on July 11, 2025, with the Sensex down 669.82 points at 82,520.46 (-0.81%) and Nifty 50 falling 199.60 points to 25,155.65 (-0.79%). The decline was led by a steep correction in IT stocks, following disappointing Q1 results from TCS and weakness in Infosys and Tech Mahindra.
- Nifty IT tumbled nearly 2%, dragging the broader market lower.
- Nifty Bank slipped 0.38% as HDFC Bank and Bajaj Finserv joined the losers.
- BSE Smallcap fell 0.67%, echoing weakness across broader indices.
- Top laggards: TCS, Infosys, M&M, Tech Mahindra, Bajaj Finserv, Trent, RIL, HDFC Bank, Bharti Airtel.
- Top gainers: HUL, NTPC, Power Grid, Axis Bank, Adani Ports.
- Sectoral trend: Pharma and FMCG indices bucked the trend, each gaining 0.81%.
Market sentiment remains fragile amid global uncertainty, US-India trade negotiations, and profit booking after recent highs. The Nifty breached the key 25,200 support level, underlining the bearish tone. In corporate news, Enviro Infra Engineers surged 14% on a major project win, while INOX Clean Energy filed for a ₹6,000 crore IPO.
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